{"id":626240,"date":"2026-09-16T08:36:11","date_gmt":"2026-09-16T08:36:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/626240\/"},"modified":"2026-09-16T08:36:11","modified_gmt":"2026-09-16T08:36:11","slug":"phonepe-crosses-11-bn-monthly-upi-transactions-in-august-g-pay-nears-8-bn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/626240\/","title":{"rendered":"PhonePe crosses 11 Bn monthly UPI transactions in August; G-Pay nears 8 Bn"},"content":{"rendered":"

PhonePe crossed the 11 billion monthly transaction mark on the Unified Payments Interface (UPI) in August, while Google Pay neared 8 billion transactions, according to data released by the National Payments Corporation of India (NPCI).<\/p>\n

PhonePe recorded 11.19 billion UPI transactions in August, compared to 10.86 billion<\/a> in July. The Walmart-backed digital payments platform accounted for 45.64% of total UPI transaction volume. In value terms, PhonePe processed transactions worth Rs 14.26 lakh crore, giving it a 47.82% share of the total UPI transaction value.<\/p>\n

Google Pay retained the second spot with 7.91 billion UPI transactions in August, compared to 7.65 billion in July. The platform held a 32.26% share of transaction volume and a 33.78% share by value. Its transaction value stood at Rs 10.07 lakh crore during the month.<\/p>\n

Paytm remained the third-largest UPI player with 1.97 billion transactions in August against 1.90 billion in July. The fintech platform accounted for 8.03% of UPI transaction volume and 6.87% of transaction value. Its transaction value stood at Rs 2.05 lakh crore.<\/p>\n

\"UPI<\/p>\n

Navi retained the fourth position with 1.08 billion transactions in August against 947.08 million in July. Its volume share rose to 4.40%, while its value share stood at 1.76%. The platform processed transactions worth Rs 52,513 crore.<\/p>\n

Flipkart-backed super.money recorded 421.87 million transactions in August against 437.27 million in July. BHIM recorded 253.69 million transactions, up from 242.27 million in the previous month.<\/p>\n

FamApp by Trio recorded 223.31 million transactions in August, while WhatsApp registered 183.69 million transactions. WhatsApp remained ahead<\/a> of CRED, which recorded 143.94 million transactions during the month.<\/p>\n

CRED remained in the 10th position in August. Despite its lower transaction volume, CRED handled transactions worth Rs 57,398 crore and accounted for 1.92% of UPI transaction value. WhatsApp’s transaction value stood at Rs 13,948 crore, giving it a 0.47% share.<\/p>\n

Axis Bank’s apps recorded 146.78 million transactions across customer-initiated, B2C and B2B payments. Their combined transaction value stood at Rs 14,024 crore.<\/p>\n

Overall, UPI recorded 24.51 billion<\/a> transactions worth Rs 29.82 lakh crore in August, compared with 23.66 billion transactions worth Rs 29.88 lakh crore in July.<\/p>\n

PhonePe and Google Pay together accounted for 77.90% of total UPI transaction volume and 81.60% of transaction value in August. The top three players, PhonePe, Google Pay and Paytm, accounted for 85.93% of UPI transaction volume and 88.47% of transaction value during the month.<\/p>\n

Meanwhile, the new MDR framework<\/a> could open a potential revenue stream for UPI apps such as PhonePe, Google Pay and Paytm. From October 15, select P2M transactions above Rs 2,000 will attract a 0.4% MDR, capped at Rs 300 for transactions of Rs 75,000 and above. The fee will be shared among participants across the UPI ecosystem, including banks, PSPs and payment apps.<\/p>\n","protected":false},"excerpt":{"rendered":"PhonePe crossed the 11 billion monthly transaction mark on the Unified Payments Interface (UPI) in August, while Google…\n","protected":false},"author":2,"featured_media":626241,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[8178,61,60,202,4242,13835,22854,80,4240],"class_list":["post-626240","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-google-pay","tag-ie","tag-ireland","tag-mobile","tag-npci","tag-paytm","tag-phonepe","tag-technology","tag-upi"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/626240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=626240"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/626240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/626241"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=626240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=626240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=626240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}